Deposits growing at region’s largest banks

Cleveland

• The region’s top banks strengthened their operations and balance sheets over the last year according to

data recently released by the FDIC. At the region’s top eight banks, deposits were up an average of

$632 million or 8.1 percent year-over-year. As of June, the sum of deposits at these eight largest banks

totaled $64.6 billion, up from $59.5 billion the year earlier.

• At $15.0 billion, KeyBank retained the top spot as the region’s largest bank by deposits. Huntington

National Bank however had the most offices in Northeast Ohio with 187, followed by PNC Bank with 145

and KeyBank with 124.

Source: JLL Research, FDIC, Crain’s Cleveland

Chart of the week: February 23, 2015

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KeyBank PNC Bank FirstMerit Huntington JPMorganChase

Charter One Fifth ThirdBank

U.S. Bank

June 2014 Deposits June 2013 Deposits

Nort

heast

Ohio

Deposits (

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)

Largest banks in Northeast Ohio by deposits